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regulation

06 June 2019 • By Sarah Simpkins • 1 min read

Institutions balancing consumers and shareholders post-RC

Major financial institutions could punish shareholders at the hands of prioritising consumer outcome over profit, with current legislation to blame, ...

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Suspicious trading spiking with M&As: ASIC

Information leaks before trading announcements are more likely to occur with merger and acquisition alerts, according to an new ASIC review on equity ...

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Macquarie cops fine for ‘negligent’ market conduct

ASIC’s Markets Disciplinary Panel has made Macquarie pay a $300,000 penalty after finding it guilty of providing inaccurate and incomplete regulatory ...

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Regulators are risk industry’s number one fear

Australian risk managers and governance leaders have unanimously chosen regulatory reform as the top risk for the industry in the future

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Compliance culture must start with ‘why?’

EXCLUSIVE A good culture of compliance within wealth management businesses must start with why certain regulatory measures are being implemented in ...

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Investment banks face cartel class action lawsuit

Five global investment banks are facing a cartel class action lawsuit after a suit was filed at the Federal Court yesterday.  Maurice Blackburn ...

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Maurice Blackburn wins right to class action against AMP

The NSW Supreme Court has selected law firm Maurice Blackburn to be the one to take a shareholder class action against AMP following last year’s royal ...

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Emboldened regulator to hit banker pay

APRA will soon be handing down new prudential standards around remuneration following the damning results of an inquiry into 36 of Australia’s ...

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Wealth boss pens open letter to Scott Morrison

EXCLUSIVE Now that he’s secured his leadership, Prime Minister Scott Morrison has a major opportunity to secure the future viability of the financial ...

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Financial sector rife with ‘complacency’ and poor culture: APRA

A report from prudential regulator has found that CBA is not the only institution that suffers from an ill-defined culture and hazy accountability

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